£1.25m bridging loan completed in 72 hours

£1.25m bridging loan completed in 72 hours



798_2022-05-03-11-01-31am.gif
.

Short term specialist lender, Cheval has announced that it has just completed a £1.25m loan, within 3 working days of the initial enquiry having been received. 

According to the lender – recently voted Bridger of the Year in our Bridging & Commercial awards – the loan was required to meet overseas corporate commitments, and had an “absolute, immoveable deadline”, meaning staff worked over the weekend in order to complete the deal in time. 


Cheval CEO Alan Margolis commented: “This loan was a real challenge. Failure would have been disastrous for our borrowers and against the odds the loan completed in just 3 working days.”

Introducing broker, Saul Weitzman of St James’s Place Wealth Management, added: “I am absolutely delighted that we pulled this one off. Everyone worked their socks off. This was my first experience with Cheval and my clients and their associates were extremely impressed at how Cheval delivered on their promise to get the deal done within the timeframe available.”

Leave a comment